Well, this was about as inevitable as Apple not losing a super-secret iPhone prototype: Google and Adobe have pretty much formed an alliance against the iPhone, in true the-enemy-of-my-enemy-is-my-friend style. The agreement between the two companies is clearly a big middle finger towards Apple and the iPhone. Update: Apple has finally added a framework to Mac OS X that will enable accelerated Flash video content - something Adobe has been asking for. This should enable Adobe to greatly improve Flash video performance on Mac OS X. Anyone know about Linux?

Yes over 3-4 years, when hopefully over 90% of the internauts have a full standards compliant HTML 5 browser (that the standard isn't completely done is another thing), we can talk about a removal of flash.

Brightcove already modified its highly popular streaming service to support HTML5 video and not only Flash.
I don't know if Brightcove's customers like the New York Times have already rolled out the new version, but that's not a matter of some distant future, but should happen any moment if it didn't already happen.